There are some very specific things that need to be done if a leased car is involved in an accident. First, call 911 and report the accident to the police, even if relatively minor — and even if you are at fault. read more
Most lease agreements have provisions requiring you to notify the car dealership or leasing agency where you leased your vehicle, letting them know that you’ve been in an accident. Additionally, every automobile insurance policy has language that requires you to immediately notify your insurance company following any accident in a leased car. read more
When you lease an apartment from a landlord, you don’t really own the apartment, the landlord does. It’s the same thing when you lease a car. Although your lease agreement entitles you to possess and use the car for the term of the lease, the car still belongs to the company that leased it to you. read more